Bitcoin Forum

Err.. If you don't already know.. DAO is being hacked as we speak..

Can someone explain how this attack is being done ?  ( It is a bug in the DAO contract, NOT in Ethereum itself )

Will there be any of $250M left at the end of this.. ?

And what happens if all the money disappears... you can't reset (hard fork) Ethereum just because someone wrote some buggy code.. gonna be a tough call.

Where did you hear this?

here: https://www.reddit.com/r/TheDao/comments/4ohwgu/one_of_the_whales_has_split_from_the_dao/

and here: https://steemit.com/thedao/@xeroc/ongoing-attack-on-thedao---eth-draining-from-the-pot

Yeah I just googled it and saw what was happening. Moved a few btc to poloniex to try and get some cheap eth. Dao may be dead after this though. Good thing im not holding any.  ;D

some BAD ass history being made today ... what effect on ETH if The DAO makes the cover of Time magazine over this?

All of these new technologies like DAO, Lisk, Waves are such rushed code to get the hype and $$$ up they arent secure or have not withstood the test of time like BTC /DASH etc....

Common sense peoples!

Come again?

I shall wish good luck to all the overly optimistic idiots who invested in TheDAO

sell all eth and dao if you can, this is the end :o

https://live.ether.camp/account/bb9bc244d798123fde783fcc1c72d3bb8c189413

someone is moving eth out of the dao address.

yeah, but this is TOO public, if they get busted they'll do serious jail time

\


WOW ETH/dAO is now completely FUCKED - 8.3 Million ETH stolen!! thats like $166 million ROFL

No they're stupid like you

is the guy who wrote the DAO code anon or is he public? wow, I really feel for that guy now, he must be going insane

this is a hack, the DAO coder will be lynched most likely

I wouldn't be surprised, if this whole hacked thing was a well prepared huge trolling and tomorrow everything is fine again. Nothing stolen and everything...

ETH is rebounding now on polo but my btc are still at 0 confirmations.

ha, ha, ha...I knew it was a SCAM!
That's why I got in and out before May 28th...in profit. ;D

Contract name   DAO

https://live.ether.camp/account/bb9bc244d798123fde783fcc1c72d3bb8c189413

Balance   ETHER 8,180,661 M  ARE GONE !!!!!!!!

Eth deposits are currently disabled on Polo. When they open you're going to see a flood of selling, so I don't know why you'd be so eager to buy.

Luckily I sold all my dao for btc on the 14th. Its not an Eth code problem though but it will have a big effect on eth price for sure

I feel sorry for the people who invested a lot.

Maybe he left a backdoor on purpose. Probably not though.

maybe it will all end well. Hacker wont be able to sell his ETH. Might be a good idea to buy but I dont have guts.

https://pbs.twimg.com/media/ClJRBgnVAAA814-.jpg

so do I ... crypto is a tough game

AAAAAND 8 MIL ETH GONE

https://www.youtube.com/watch?v=-DT7bX-B1Mg

most of all people lose money on investing. trying to make a big payday with risky investments they know nothing about. if they would not lose it here they would lose it down the road they are to inpatient and beliving in going all in.

Are there other places where the eth could have been dumped? Could it affect bitcoin's price if a hacker dumped a load of eth for bitcoins, then everyone starts panicking in case he dumps the bitcoins?

Well this is censorship by ETH.

localbitcoins

yeah right, first of all the creators might have done this on purpose or there was a real hacker, so either way they feel a mandatory at the moment to tell all the people that everything will be solved, their money wont be gone, so people dont just dump the price, but it is how it is, they messed up, its not fine at all, i doubt that these messages will help get back ethereum after this whole thing to the heights where it has been before

so what happened, dao was hacked not etheruem? how ti was hacked?

If there's a hack then this is really serious.  Perception is everything in crypto, especially in these times of doubt.  Some people have had enough of the devs' shortcomings that result in people losing their hard earned money.

Now the question is will the DAO be viewed as a joke?  Will the devs that are building Ethereum projects abandon ship and look somewhere else to create and run their wares?

How does this failure reflect on Slock.it?

Another truly bad time in the history of crypto.  In the next few hours, expect every crypto news website and blogs to have a field day on this.

I read that it's locked up in a "child DAO" until July 14th or something.  So the devs will apparently have some time to figure something out.

so how dao work why etheruem is dumped if only dao is hacked?

as far as i know dao is somehow based on ethereum, and as dao was hacked 8 million ethereum was stolen

Because you can split DAO tokens and get your ETH back.  So the hacker figured out an exploit that allowed him to gain access to the splitting process to withdraw everyones ETH from the DAO.  Obviously this wouldn't be good if he manages to sell them.

Part of me is ashamed to say that the programmer in me is 'slightly' impressed by the hacker.. sorry..

this wouldnt be good and i think this will be done sooner or later, the only thing they can do now is to roll back all the transactions but as long as it is decentralized it will have a negative effect on peoples view to it as decentralized currency should not be controlled like that, either way i hope everything will be solved

We dont know what really happened. Some says there's 50 Million stolen? Hacked? and some says ETH is not affected. All of these i say is a speculation or it may be true. Is there already an official Announcement?

How are so many people who are invested in the dao and ethereum so unaware of how the 2 are connected.  Does nobody do any research on what their buying into?

If hacker does get the dao out whixh i dont knoq if he has or not then he can eztract the eth from it and dump this on the market.  This kind of dump would knock eth back into the stone age.  This isnt fud,  its the way it is.  So the dao getting hacked ia very bad news for eth if the hacker manages to complete what he's doing.

I seriously hope for investors of eth and dao that this doesnt happen but it's stall possibility yet people still seem to be buying eth.  Someone please feel free to correct me if I'm wron.  

dood, you are clearly shitposting at the moment, whats up with those 50 million? please read other messages on this thread

We have a winner!

Poloniex!
2000BTC volume in a few minutes .... go hacker go make polo rich! :)))


This DAO shit is amaizing

Also a little update

https://www.reddit.com/r/ethereum/comments/4oiqj7/critical_update_re_dao_vulnerability/

so who was the attacker, they caught him?

according to this it says split on a split on a split on a split he practically just claimed his eth at the maximum amount of eth available for dao if I am right!

I got some eth at 20 I think Im good. Did anyone else pick up a few cheap eth..

Now that he has the ETH locked up in a child DAO, maybe they should negotiate with the hacker so that he can be put in charge of the project.  Clearly he knows how the DAO works much better than the devs   :)

note: that is presuming it wasn't an inside job.

Should the DAO be renamed to CAO - Centralized Autonomous Organizations ?


Don't worry, Vitalik is doing a good job to insure your future Eth purchases will continue to be cheaper. Didn't you hear he is switching everything to Proof of Vitalik?

Actually proof of Vitalik worked. He made a lot of people rich. Only the weak hands sold at 7k per DAO. Now it's going back to 21k per DAO. What a time to be alive!

That magical de-decentralized PoV

I told you you were too eager...   (cue the response of "eth's supercheap now and I'm selling my granny for eth")

People are still buying Ethereum. Maybe they are not informed, or they believe the Ethereu will survive this crisis and come back stronger, like bitcoin .

Well this is pretty funny!
I would like to see a thread where everyone says how much they lost! According to the trade volumes and the prices there are a few people who have a lot of eth and dao and they pretty much lower the price on command buy cheap and when everyone else is thinks big it goes up they sell! Just look up at the low price and high price and transaction volume! There is something catchy about this !

So as a miner, I vote for the soft fork now to freeze the funds so that he cannot withdraw to sell to other people.